PARIS, FRANCE: Quadient has completed divestment of its Graphics activities in the Nordic countries to the print company, Ricoh, a statement said. Quadient is a leader in helping businesses create meaningful customer connections through digital and physical channels. As part of its ‘Back to Growth’ strategy, Quadient remains fully committed to accelerate the growth of…
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Europris acquires Strikkemekka for NOK 88.4 million
FREDRIKSTAD, NORWAY: Europris is acquiring 67 per cent of Strikkemekka Holding AS for NOK 88.4 million. The purchase price is final, and the acquisition will be settled in cash, a bourse filing noted. The main revenue contributor in the Strikkemekka group is the Strikkemekka.no online store. This was launched in 2017 and quickly became Norway’s…
IWS signs strategic partnership with Bourbon to address French renewable energy market
OSLO, NORWAY: Integrated Wind Solutions ASA (IWS) has entered into a strategic partnership, through its subsidiary IWS Fleet AS, with BOURBON to address the French commissioning and maintenance market of offshore wind farms. This agreement will allow BOURBON to market and operate the IWS’s “Skywalker class” windfarm specialized support walk-to-work vessels in France. The ship…
Solstad Offshore, DeepOcean and Østensjø team up in remote operations venture
OSLO, NORWAY: Solstad Offshore ASA, DeepOcean Group and Østensjø Group have joined forces to fast-track the adoption of remotely managed services in order to drive down operating costs and emissions for the marine and offshore industries. The three partners have established two joint ventures (JVs) to support the remote operations drive. One of the JVs,…
Air Liquide and Groupe ADP to create jointly develop hydrogen infrastructure at airports
PARIS, FRANCE: With this ambition of creating the first engineering joint venture dedicated to accompanying airports in their project to integrate hydrogen in their infrastructure, Air Liquide (Paris:AI) and Groupe ADP are strengthening their collaboration. This announcement follows a memorandum of understanding signed in 2021 to carry out feasibility studies to accompany the arrival of…
OCI expanding Port of Rotterdam Ammonia Import Terminal to meet extensive demand
AMSTERDAM: OCI N.V. (Euronext: OCI) has made a final investment decision (FID) for the first phase of its ammonia import terminal expansion project in the Port of Rotterdam in the Netherlands, a statement noted. The terminal is strategically located to facilitate emerging ammonia demand for bunkering to ocean-going vessels, and to act as a hub…
SpareBank 1 SR-Bank takes over corporate customer portfolio of Swedbank
OSLO, NORWAY: SpareBank 1 SR-Bank is taking over a corporate customer portfolio of around NOK 5.6 billion from Swedbank and entering a partnership that will result in greater growth and a stronger offer for the customers, a statement said. “The divestment and the partnership will enable us to strengthen the focus on our core business,…
DBAY Advisors increase stake in SQLI
PARIS, FRANCE: Synsion BidCo, a company controlled by DBAY Advisors, has increased its stake in SQLI by acquiring a block held by the Nobel fund representing 5.6% of SQLI’s capital. DBAY Advisors, which already held 66.8% of the capital of SQLI, will hold 72.4% of the capital following this acquisition. This acquisition is made through…
Atos sells shareholding in Worldline for €220 million
PARIS, FRANCE: Atos has completed the sale of its entire stake in Worldline of ca. 7.0 million shares representing ca. 2.5% of Worldline’s share capital. The sale was carried out by way of an accelerated book building to institutional investors. Atos has concomitantly entered into a derivative transaction to hedge its residual exposure to Worldline’s…
Unibail-Rodamco-Westfield to sell Almere Centrum in The Netherlands for €155mn
AMSTERDAM: Unibail-Rodamco-Westfield (URW) announced an agreement with a group of private investors led by the UMB Group for the sale of Almere Centrum in The Netherlands. The Net Disposal Price of €155 Mn is in line with the last appraisal value. Almere Centrum is an 87,000 sqm high-street retail asset located in the city centre…
Euronav sells two eldest Suezmaxes for $12.4mn
ANTWERP, BELGIUM: Euronav NV has sold its two eldest Suezmax vessels: the Cap Pierre (2004 – 159,048 dwt) and the Cap Leon (2003 – 159,048 dwt). The combined capital gain realized on these sales amounts to USD 12.4 million. Both vessels are debt free. Our understanding is that at least one of the vessels will…
SmartCraft ASA acquires Elverdi Norge AS for NOK 16.5mn
OSLO, NORWAY: SmartCraft ASA has today entered into an agreement and completed the acquisition of all the shares of Elverdi Norge AS, adding valuable competence and specialist digital sales tools for electricians to SmartCraft’s portfolio. The purchase price for the shares is NOK 16.5 million which was paid in cash. The acquisition was made through…